US-based Advent International sells 5.36% stake in CG Consumer

The PE firm had sold 6% in February 2021

US-based private equity firm Advent International-owned Amalfiaco sold a 5.36 per cent stake in CG Consumer at Rs 400 per share, according to the bulk deal data. It garnered Rs 1,348.1 crore from the transaction. 

Among the buyers of stake include two Ashoka India funds (Rs 166.2 crore), ICICI Prudential Life Insurance (Rs 100 crore), HDFC Standard Life (Rs 59.3 crore), Mirae Asset Mutual Fund (Rs 120.1 crore), SBI Life Insurance Company (Rs 74.9 crore), SBI Mutual Fund (Rs 499.7 crore), Morgan Stanley Mauritius Company, Aurigin Master Fund, Bharti Axa Life Insurance Company and BNP Paribas Arbitrage Fund.

In February this year,